IMA On-Demand & FTDP

Income Approach: Challenges in Today’s Market

The income approach remains one of the most important valuation methodologies for income-producing properties, yet today’s rapidly changing real estate market presents new and significant challenges for valuation professionals. Changing work patterns, higher interest rates, evolving retail trends, operating cost increases, and market uncertainty have all affected the way income-producing properties are bought, sold, and valued. This webinar will review the underlying principles of the income approach while examining how these market changes influence valuation outcomes.

Participants will gain a practical understanding of the key components of the income approach, including market rents, vacancy and collection loss, operating expenses, capitalization rates, and income normalization. The session will also examine common pitfalls in applying the methodology, including addressing limited market evidence, unusual lease arrangements, and changing market conditions.

Speakers

Ziad Al-Hillal, AACI, P.App Senior Appraisal and Market Specialist, MPAC Ziad is a Senior Appraisal and Market Specialist employed by the Municipal Property Assessment Corporation (MPAC) with over a decade of experience in property assessment and valuation. Collaborating within a team, he conducts market research and analysis to support the development of mass appraisal valuation parameters relating to retail and industrial mall asset classes. He has been a key contributor to numerous policies, directives, and research papers in addition to providing guidance and training throughout MPAC. He is an Accredited Member of the Canadian Appraisal Institute (AACI P. App.) and has been accepted as an expert witness by the Assessment Review Board for his appraisal of complex and high value property for assessment appeal purposes.

John Watling, MRICS, M.I.M.A. Director, International Property Tax Institute (IPTI) John is a Director with the International Property Tax Institute (IPTI) and brings over 39 years’ experience in the property assessment profession providing strategic valuation and assessment expertise for a variety of property types. John has played a key role in the implementation of mass appraisal models for commercial and hospitality properties, led in the implementation of valuation systems and has been involved in several high-profile property disputes before various courts. He has co-authored numerous presentations and webinars on valuation methodologies, mass appraisal and complex valuation matters.

• Type: Webinar
• CPD Credits: IMA 1.5 Learning
• Organized By: IMA/IPTI